ICP – ALTCOIN CHART ANALYSIS

ICP has developed strongly recently. After we repeatedly found support on our yellow uptrend, we were able to rise to around USD 9.70 at the top.

We are currently trading around $8.14 and appear to be consolidating somewhat. The trading volume has decreased significantly recently and we didn't manage to test the last high.

Recently, the monthly support P also gave us support. Just below on the 4H chart is the 200 SMA (last 200 moving averages/purple).

For the next few days/weeks, we only need to keep an eye on one level, and that's $9.70. There is our last high, which was formed with a lot of volume.

If we can take this out and form a retest that holds, we could move towards $11 and continue the uptrend bullishly.

However, if rejected at this level, we will retest the yellow uptrend below and drop back into the $7.20 – $7.50 range.

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